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OTHER LIABILITIES AND DEFERRED CREDITS
 6 Months Ended
Jun. 30, 2024
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES AND DEFERRED CREDITS OTHER LIABILITIES AND DEFERRED CREDITS
Other liabilities and deferred credits consist of the following (in thousands):
June 30, 2024December 31, 2023
Acquired below market leases, net$15,089 $16,537 
Prepaid rent and deferred revenue27,644 17,261 
Deferred compensation2,721 2,627 
Deferred tax liability784 784 
Straight-line rent liability8,853 10,666 
Lease liability21,983 23,254 
Other liabilities56 58 
Total other liabilities and deferred credits, net$77,130 $71,187 
Straight-line rent liability relates to leases which have rental payments that decrease over time or one-time upfront payments for which the rental revenue is deferred and recognized on a straight-line basis.